J. Safra Sarasin Holding AG Raises Position in Illinois Tool Works Inc. $ITW

J. Safra Sarasin Holding AG lifted its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 3.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 252,143 shares of the industrial products company’s stock after acquiring an additional 9,491 shares during the period. Illinois Tool Works accounts for about 1.1% of J. Safra Sarasin Holding AG’s investment portfolio, making the stock its 26th largest holding. J. Safra Sarasin Holding AG’s holdings in Illinois Tool Works were worth $65,630,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Procyon Advisors LLC lifted its position in Illinois Tool Works by 8.2% during the first quarter. Procyon Advisors LLC now owns 1,297 shares of the industrial products company’s stock worth $338,000 after buying an additional 98 shares during the period. Global Assets Advisory LLC purchased a new stake in Illinois Tool Works in the 1st quarter valued at about $32,000. Castleview Partners LLC increased its stake in shares of Illinois Tool Works by 18.2% during the 1st quarter. Castleview Partners LLC now owns 1,115 shares of the industrial products company’s stock valued at $290,000 after acquiring an additional 172 shares during the last quarter. ARQ Wealth Advisors LLC purchased a new position in shares of Illinois Tool Works during the 1st quarter worth about $666,000. Finally, Diversify Wealth Management LLC lifted its holdings in shares of Illinois Tool Works by 108.1% during the 1st quarter. Diversify Wealth Management LLC now owns 2,389 shares of the industrial products company’s stock worth $635,000 after acquiring an additional 1,241 shares during the period. 79.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ITW has been the subject of a number of recent analyst reports. Evercore lowered their target price on shares of Illinois Tool Works from $296.00 to $272.00 in a report on Monday, May 11th. The Goldman Sachs Group reissued a “sell” rating and set a $254.00 price objective on shares of Illinois Tool Works in a research note on Thursday, April 30th. Barclays dropped their price objective on Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating for the company in a report on Wednesday, April 1st. Weiss Ratings cut Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Finally, Wolfe Research reissued an “underperform” rating and set a $286.00 price target on shares of Illinois Tool Works in a research report on Thursday. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, Illinois Tool Works presently has an average rating of “Reduce” and a consensus target price of $272.85.

Illinois Tool Works Trading Up 0.1%

NYSE ITW opened at $269.18 on Monday. The firm has a market capitalization of $77.44 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 4.62 and a beta of 1.00. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.86 and a current ratio of 1.19. Illinois Tool Works Inc. has a one year low of $238.82 and a one year high of $303.15. The company’s 50 day moving average price is $258.05 and its 200 day moving average price is $265.32.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.57 by $0.09. Illinois Tool Works had a net margin of 19.32% and a return on equity of 97.36%. The company had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the prior year, the business earned $2.38 earnings per share. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. On average, sell-side analysts predict that Illinois Tool Works Inc. will post 11.37 EPS for the current year.

Illinois Tool Works Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Tuesday, June 30th were issued a $1.61 dividend. This represents a $6.44 annualized dividend and a yield of 2.4%. The ex-dividend date was Tuesday, June 30th. Illinois Tool Works’s dividend payout ratio is currently 59.80%.

Insider Buying and Selling

In related news, Director Jennifer F. Scanlon acquired 806 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were bought at an average cost of $247.99 per share, with a total value of $199,879.94. Following the completion of the transaction, the director directly owned 1,652 shares of the company’s stock, valued at $409,679.48. This trade represents a 95.27% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.83% of the stock is owned by company insiders.

About Illinois Tool Works

Illinois Tool Works Inc (ITW) is a diversified industrial manufacturer that designs and produces a broad array of engineered products, consumables and related service solutions for industrial customers. Its offerings span engineered fastening systems, specialty components, industrial equipment, welding products, foodservice and packaging equipment, adhesives and polymer products, and test-and-measurement technologies. These products are used as critical inputs by customers across automotive, construction, electronics, foodservice, maintenance and other industrial end markets.

The company operates a decentralized business model in which independently managed businesses focus on niche product lines and close customer relationships.